So if a Silver Quarter is Worth It's Value in Silver, Why is a Pre 1982 Copper Penny Not Worth Its Value in Copper?

[AusTexDude]

Takes about 145 Pennies to make a pound. Copper is going for $4.16/Lb. Why are pre 1982 Pennies not worth 0.028 cents each?

 

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[ToddsPoint]

Takes about 145 Pennies to make a pound. Copper is going for $4.16/Lb. Why are pre 1982 Pennies not worth 0.028 cents each?

You can melt old silver because it’s no longer used as currency. You can’t melt pennies for scrap because they are still in use. So technically a copper penny is worth .028 but you can’t legally sell cents for scrap.

 

[l.cutler]

A lot of people do save the pre 82 bronze and brass cents for metal value and some will buy them in bulk for a couple cents each. Lot of effort for not much gain in my opinion!